Fedyakin....Gold also reacted to the reduction in spending from the shut down. Now reality is setting in and the stock market is getting beat down, gold up. I don't worry about the short term reactions. It's the long term trends that matter and of course the bigger dips and valleys if you can see them to take profits or buy more.

Quote:

Originally Posted by Meck77

If...if..if....

Any investment is a sucker bet if you don't play the peaks and valleys correctly.

BTW....I'm calling Bernakes bluff that he will be ending QE soon. I don't think they can or will.

Now in a desperate attempt to stabilize the fiat market the fed leaks this out. Market might bounce a couple hundred points then they will start yapping taper talks again. It's all ****ing BS.

TODAY

The Federal Reserve should reduce the pace of its bond-buying only very slowly “over the next several years” to make sure that the economy is on track of solid growth and moderate inflation, a Fed official said on Wednesday.

Fedyakin....Gold also reacted to the reduction in spending from the shut down. Now reality is setting in and the stock market is getting beat down, gold up. I don't worry about the short term reactions. It's the long term trends that matter and of course the bigger dips and valleys if you can see them to take profits or buy more.

Gold is a hedge AK. Your prediction of gold 1k or 2k doesn't mean all that much. Your chart assumes someone who invested in March 2013 and the price today lost money. Sure if they bought in march and sold now.

From what I know of you and what you admit is that you like to get in and out of markets. That's all good. One could have done that with this chart also!

Back to gold being a hedge or diversification tool. Today everything is getting pounded down almost 1% and gold is the only thing up 1%.

One can play the paper market quickly and you can even buy/sell buillion if you want. I've purchased under priced physical and held/flipped.

Could easily have been the reverse, no doubt. Which is why what I said before I'll say again: Investment is NOT picking something (ESPECIALLY ONE THING) and hoping it goes up. Investment is a process of constantly evaluating all opportunities and working to maximize return and minimize risk.

Could easily have been the reverse, no doubt. Which is why what I said before I'll say again: Investment is NOT picking something (ESPECIALLY ONE THING) and hoping it goes up. Investment is a process of constantly evaluating all opportunities and working to maximize return and minimize risk.

excellent post. my gamble pick for the next 6 mo is FNMA been riding it up and down like a cheap whore. if by some wild chance it ever comes out of conservatorship and gets relisted...well a guy can dream